Super Micro announces 10 for 1 stock split
Summary
Server company Super Micro Computer on Tuesday announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on Oct. 1. Heres how the company did vs. LSEG estimates for the quarter that ended in June: Shares in the company, which competes with companies like Dell and Hewlett Packard Enterprise , have surged over recent years as investors bet it will be an essential vendor of servers for Nvidia , whose graphics cards are powering the artificial intelligence boom. Stock splits do nothing to change the financial fundamentals of a company but they so make each share cheaper, which can have a positive psychological effect on retail investors. Shares of Super Micro, which joined the S&P 500 in March, surged 246% in 2023 and are up 117% year-to-date. WATCH: Nvidias August earnings report unlikely to have any major issue